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Delta Air Lines call volume above normal and directionally bullish

Bullish option flow detected in Delta Air Lines (DAL) with 25,416 calls trading, 1.1x expected, and implied vol increasing over 7 points to 60.00%. Jun-25 43 calls and May-25 38 puts are the most active options, with total volume in those strikes near 13,300 contracts. The Put/Call Ratio is 0.47. Earnings are expected on July 10th.

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